Nucor Named GM Supplier of the Year for Second Year in a Row

Rhea-AI Summary

Nucor Corporation (NYSE: NUE) has been honored as a General Motors Supplier of the Year for the second consecutive year during a virtual event on June 24, 2020. This distinction is awarded to less than one percent of GM's suppliers, making Nucor the only electric arc furnace steelmaker to achieve this recognition. The award is based on performance criteria set by GM's purchasing and manufacturing teams. Nucor, which operates in the U.S., Canada, and Mexico, is recognized for its leadership in steel production and is North America's largest recycler.

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• Recognized as GM Supplier of the Year for the second consecutive year.
• Less than 1% of GM's suppliers receive this award, highlighting Nucor's elite status.
• Nucor is the only electric arc furnace steelmaker to achieve this recognition.
• Award reflects strong partnership and performance in automotive steel supply.

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CHARLOTTE, N.C., June 25, 2020 /PRNewswire/ -- For the second year in a row, Nucor Corporation (NYSE: NUE) was recognized as a General Motors Supplier of the Year during a virtual ceremony held on June 24, 2020. Less than one percent of GM's suppliers receive this award and Nucor remains the only electric arc furnace steelmaker to receive this recognition.

"On behalf of Nucor's 27,000 teammates, I want to thank GM for this award. We value the partnership we've built with GM, working together to meet their needs for automotive steel products. We look forward to continuing to grow as partners for years to come," said Leon Topalian, President and Chief Executive Officer of Nucor Corporation. "I would also like to congratulate my teammates on this award. It is an honor to receive this recognition for the second year in a row."

The Supplier of the Year award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics. This is the 28^th year GM has honored suppliers with the Supplier of the Year Award.

"Our suppliers play a key role in delivering the products, services and experiences our customers deserve – and these award-winning suppliers went above and beyond our expectations," said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain.

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

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SOURCE Nucor Corporation

FAQ

What recognition did Nucor receive from General Motors in 2020?

Nucor was named a General Motors Supplier of the Year for the second consecutive year in 2020.

How many suppliers received the GM Supplier of the Year award in 2020?

Less than one percent of GM's suppliers received the Supplier of the Year award in 2020.

What makes Nucor unique among GM's suppliers?

Nucor is the only electric arc furnace steelmaker to receive the GM Supplier of the Year award.

When was the GM Supplier of the Year award ceremony held?

The ceremony was held virtually on June 24, 2020.

What criteria were used to select the GM Supplier of the Year?

Winners were chosen based on performance criteria in various areas, including product purchasing and customer care.